Potential Ban on Micron's Products in China Could Be Severe for Memory Supplier
Shares of Micron slipped nearly 6% on July 3 as the Fuzhou Intermediate People's Court of the People's Republic of China issued a preliminary injunction preventing Micron from selling DRAM and NAND products in the country, per a statement by United Microelectronics, a Taiwanese foundry. Micron subsequently issued a statement to CNBC saying it "has not been served with the preliminary injunction referred to in the statements issued by UMC." The ongoing dispute between Micron and UMC dates to last...Micron Technology provides memory and storage solutions. The company's portfolio of memory and storage technologies include Dynamic Random Access Memory, Not And, 3D XPoint? memory, and Not Or. The company's segments are: Compute and Networking Business, which includes memory products sold into client, cloud server, enterprise, graphics, and networking markets; Mobile Business, which includes memory products sold into smartphone and other mobile-device markets; Storage Business, which includes Solid-State Drives and component-level solutions sold into enterprise and cloud, client, and consumer storage markets; and Embedded Business, which includes memory and storage products.
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